ALUMAX EXECUTIVE TO RETIRE.NORCROSS, Ga.--(BUSINESS WIRE)--July 1, 1996--Alumax Inc. (NYSE NYSE See: New York Stock Exchange : AMX AMX American Motors Experimental AMX Aeromexico Aerovias de Mexico (ICAO code) AMX Air Mobility Express AMX Amberjacks (FAO fish species code) AMX Alabama Motor eXpress ; Toronto: AXI AXI Automated X-Ray Inspection (electronics) AXI Association Xpertise Inc (Calgary, AB, Canada) AXI Ada to X-Window System Interface ) today announced that Dale H. LaLonde, 59, executive vice president responsible for the company's fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: products business, will retire on July 1, 1996, having completed 35 years with the company. Allen Born, chairman and chief executive officer, said, "Alumax would not be the industry leader it is today without the contributions of Dale LaLonde. His dedication and determination have helped to build a strong foundation for our future growth and development." In addition to Mr. LaLonde's retirement, Alumax also announced the following organizational changes: Kawneer Company, Inc. and Kawneer Europe B.V. will report directly to Mr. Born; Alumax Engineered Metal Processes, Inc. and Alumax Fabricated Products, Inc. will report to George P. Stoe, executive vice president responsible for Alumax's primary aluminum and semi-fabricated products businesses; and Alumax Magnolia Division will report to Jay M. Linard, president, Alumax Extrusions, Inc. Mr. LaLonde joined Kawneer, a world leader in engineered architectural aluminum products and systems, in 1961 as staff accountant. He went on to hold several management positions and became president of Alumax Recycling Group in 1978. He was named president of Alumax Home and Specialty Products in 1984, vice president of Alumax in 1985 and was elected president of Kawneer in 1986. Mr. LaLonde was named group vice president of Alumax in 1991 and was responsible for Alumax's entire domestic and international products group. He was elected executive vice president of Alumax in 1994. A native of Michigan, Mr. LaLonde is a graduate of Michigan State University Michigan State University, at East Lansing; land-grant and state supported; coeducational; chartered 1855. It opened in 1857 as Michigan Agricultural College, the first state agricultural college. and holds a bachelor of arts in finance and accounting. Alumax is a world leader in aluminum with year-end 1995 assets of more than $3.1 billion and 1995 revenues of more than $2.9 billion. The company produces and markets primary aluminum ingot ingot Mass of metal cast into a size and shape such as a bar, plate, or sheet convenient to store, transport, and work into a semifinished or finished product. The term also refers to a mold in which metal is so cast. , billet and slab and is a major fabricator of value-added aluminum products for the building and construction, transportation, packaging and consumer durables Consumer durables Consumer products that are expected to last three years or more, such as an automobile or a home appliance. consumer durables See durable goods. industries. CONTACT: Alumax Thomas R. Hagley (Media) 770/246-6642 Fax: 770/246-6691 or R. Daniel Loh (Investors) 770/246-6752 Fax: 770/246-6691 |
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